Sunshine Coast Property Market News - Latest Updates for local Real Estate


Construction date announced for first CBD residential building


  | Source: View News

Brisbane based Habitat Development Group has announced construction of their $83 million Market Lane Residences within the new Maroochydore CBD project will commence in late July this year. 

Located at the Mundoo Boulevard entrance, Market Lane Residences will comprise 146 spacious two and three bedroom apartments elevated across 14 levels over two towers along with six SOHO (Small Office Home Office) townhomes and ground floor retail spaces.

Habitat Development Group director Cleighton Clark said he was pleased to be able to lock in a date to commence construction after the original project timeline was delayed due to Covid-19 restrictions.

“Despite the disruption caused by Covid-19, we’re looking at our investment in the future city centre as a long-term commitment and we’re very excited to be commencing the first residential buildings in the precinct at the end of next month.

“We think Council and SunCentral have done a terrific job with their vision for the Maroochydore City Centre, it’s an exciting, world class precinct.  The Sunshine Coast is one of the fastest growing regions in the country and we see an exciting period of growth, in particular the Maroochydore City Centre, over the next 5-10 years. For that reason, we’ve established a new Sunshine Coast office on Plaza Parade opposite our Market Lane project.   

“We’re a privately owned business based in Brisbane and being privately owned, we can invest in these sorts of opportunities with the long term in mind without getting caught up in short-termism or short-term fluctuations.   Since we commenced 15 years ago, we’ve always based our strategy with the best long-term results in mind, and the Maroochydore City Centre is a precinct we think has tremendous potential,” he said.   


Market Lane - Exterior with Terraces
Market Lane – Exterior with Terraces

Mr Clark said his enthusiasm for the vision of the new Maroochydore City Centre has been reinforced by his recent decision to secure a second development site within the greenfield CBD project.

“I’m also delighted to announce that Habitat Development Group has secured a second site in the precinct which is located on Sunshine Coast Parade and will be known as ‘The Corso Residences’.  We are excited to have secured a pipeline of local projects to keep our team and our subcontractors employed and continue our contribution to the local economy over the next few years,” he said.


Market Lane - Rooftop Terrace Open Air Space
Market Lane – Rooftop Terrace Open Air Space

Sunshine Coast Mayor Mark Jamieson said he was looking forward to seeing the Habitat team onsite to break ground and commence construction at Market Lane. 

“I commend Habitat Development Group for their foresight and enthusiasm in embracing our vision for the new Maroochydore City Centre. This project will provide a new accommodation option for some of the thousands of people who will ultimately work in the Maroochydore City Centre.

“Having people live close to where they work in our new city centre adds to the vibrancy and activation of the city core, which is an important and attractive feature of some of the leading cities across the globe. 

“From an economic point of view, the commencement of the Market Lane project next month comes at an important time as the region starts to make its way through the recovery phase of the COVID-19 pandemic, by creating new employment opportunities for local tradespeople and suppliers,” Mayor Jamieson said.

SunCentral Chief Executive Officer John Knaggs said it was important to have construction commence on site as the first commercial building within the CBD, Foundation Place, is due for completion in late September this year.

“We are also thrilled with Cleighton’s commitment and confidence in the Sunshine Coast and the city centre project by securing a second site for Habitat Development Group.

“It’s a significant shot in the arm for the project, particularly as we emerge from the impact of Covid-19 and it also reinforces our urban design and planning principles to create a vibrant city centre,” Mr Knaggs said.

For more information please contact us on 07 5444 0800.



$83M Maroochydore CBD townhome project for the SOHO segment

26 Nov 2018 | Source: Architecture & Design

A Brisbane-based developer is planning a new $83 million townhome project in Maroochydore CBD designed specifically to meet the unique needs of mobile workers in the region.

Habitat Development Group will build two towers in the new Maroochydore City Centre with the project also including ‘Small Office Home Office’ (SOHO) townhomes. The development is expected to transform the small business and residential landscape on the Sunshine Coast.

Habitat’s managing director, Cleighton Clark says the CBD’s contemporary urban design, digital connectivity and coastal lifestyle called for an innovative residential development suited to mobile workers of the future.

The SOHO townhomes are designed to have the efficiency of an office with the comfort of a home. The homes are spread over two or three floors, with light, ventilation, noise and access to telecommunications and Internet connectivity being critical design considerations.

A 12-storey tower housing 65 apartments will be built in Stage 1 while a 14-storey tower with a communal rooftop terrace and pool will be part of Stage 2. This tower would house 81 apartments with Stage 2A allowing for six SOHO townhomes.

Construction is expected to commence in the second half of 2019.

Sunshine Coast mayor Mark Jamieson said Habitat’s development would occupy 4158sqm of area at the northern end of the site.

According to Mayor Jamieson, more than $10 million in underground infrastructure will ensure the latest technology is available in the new City Centre, while an international broadband submarine cable landing in Maroochydore will provide Australia’s fastest data and telecommunications connection to Asia and the second fastest to the United States.

“The Maroochydore City Centre has been designed for the jobs and lifestyle of the 21st Century and Habitat’s development is an ideal fit for the project vision,” he added.

Mayor Jamieson said Habitat’s SOHO townhomes are likely to be popular with a new generation of Sunshine Coast residents, identified by leading commentator Bernard Salt.

In his report, The Activated City: Imagining the Sunshine Coast in 2040, Salt found 550,000 people will be living in the Sunshine Coast region by 2040, with many new residents attracted by its entrepreneurial spirit, ‘hipster’ culture and connectivity.

SunCentral Maroochydore, the company overseeing design and delivery of the new city centre, has received numerous submissions from parties who recognise the potential of the project and the trajectory of the region.

SunCentral CEO John Knaggs says the project was drawing interest from a diverse range of sectors, including technology, professional services, health, education, hospitality and government.

“Because the new city centre is being built on a greenfield site, and with the recent announcement of an international broadband submarine cable landing adjacent to the site, we have an opportunity to create a city centre with unprecedented communications and technological abilities.

“This is a major drawcard for companies seeking to establish, expand or relocate, and we look forward to making further announcements about plans for other sites in the new city centre.”